MasterCard (MA) – 01-24-2012
Usually a huge company like MasterCard isn’t such a stalwart on the IBD list, but both MA and V have been on and off the list a lot. They’re both currently on the list, but I like the chart for MA more. It’s currently at the bottom of the long term channel, so a nice move over something like $350 gives a nice 10% run with some upside.
SodaStream (SODA) – 11-11-2011
SodaStream was one of my favorite growth stocks last year. When I mentioned it here the first time, it just had a breakout over $36. I rode it up to $50, got shaken out, and then it promptly ran all the way up to $80. Growth has still been impressive, and with the stock back down under $40 it has some potential for excitement once again.
Apple (AAPL) – 11-11-2011
Apple has a bit of an ugly daily chart, but the weekly chart is still pretty nice, with the stock at the bottom of the long term channel. The financials were skewed this year because the iPhone was shifted from the summer months to this quarter. However, the initial market research is saying that the Kindle Fire will actually be a strong competitor to the iPad this holiday season, so who knows if they’ll be able to keep up their ridiculous growth. Either way, it looks like AAPL is getting to a decent buy point if you’ve been waiting for a while.
Level 3 Communications (LVLT)–06-03-2011
Not a great stock fundamentally yet, I really like LVLT as a company right now. They’ve been winning things like the Netflix deal, and CDNs are still a huge growth area with the explosion of mobile usage and streaming media. It’s not really at a buy point, but something to keep an eye on for the future.
Titan Machinery (TITN)–04-27-2011
Titan had another good earnings call last week, which is pretty obvious from the chart. After the breakout, it was in the overextended range, but it’s back down in the almost acceptable range now at $30.52 (which if you set a stop at $28 would give you about an 8% risk). I’d rather stop in at $31, which gives a 10% risk if you stop out at $28, but I’d probably set my stop at $29 or even $30 in that case to get a bigger position.
EMC Corp (EMC)–04-19-2011
With the recent pop in VMW, EMC’s upcoming earnings should be interesting. Both companies are Peter Lynch types of stocks for me, since I’m in the tech industry and have been seeing firsthand the shift towards virtualizing everything. For most non-Amazon/Google level companies, buying canned solutions from EMC makes sense. With a nice line at $27.50, if EMC’s earnings can follow suit behind VMW it could be an interesting buy. If not, VMW is always an option, but it’s looking like it may open overextended since it’s already up over 12% in the afterhours today.